These $100 bills aren’t meant to circulate. They’re not to spend on goods and services. They’re a store of value. They’re a form of saving.
MICHAEL HUDSON
MICHAEL HUDSON
Michael Hudson on circulate
Michael Hudson38 quotes“These $100 bills aren’t meant to circulate. They’re not to spend on goods and services. They’re a store of value. They’re a form of saving.”
More from Michael Hudson
I don’t aim to offend.
Billy ConnollyBilly Connolly On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top of the pyramid.
Michael HudsonMichael Hudson Emotional stability and expression comes from women.
Bob HoskinsBob Hoskins If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.
Michael HudsonMichael Hudson When people are running up more and more debt for housing, they call that “real wealth.” It exposes what’s wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific.
Michael HudsonMichael Hudson A science is not mere knowledge, it is knowledge which has undergone a process of intellectual digestion. It is the grasp of many things brought together in one, and hence is its power; for, properly speaking, it is Science that is power, not Knowledge.
John Henry NewmanJohn Henry Newman Russia was under the impression that the neoliberal advisors were going to make Russia as rich as the United States. What they really did was create a kleptocracy that was virtually tax-free.
Michael HudsonMichael Hudson When you say “paying the banks,” what they really mean is paying the bank bondholders. They are basically the One Percent.
Michael HudsonMichael Hudson There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they’ve run up – to pay their mortgage debt, to pay the credit card debt, to pay student loans.
Michael HudsonMichael Hudson I didn’t really care if I had a coach that much, me personally, because I was brought up to think for myself.
Billie Jean KingBillie Jean King Seventy-eight percent of millennials are worried about not having enough good paying job opportunity to pay off their student loans. Seventy-four percent can’t pay the health care if they get sick.
Michael HudsonMichael Hudson People are putting their money into treasuries because they worry that the risk of putting their money into the bond market, the stock market or even the money markets is very high.
Michael HudsonMichael Hudson We know smoking tobacco is not good for kids, but a lot of other things aren’t good. Drinking’s not good. Some would say milk’s not good.
Bob DoleBob Dole I think the less fracking there is, the better it is for the economy and society.
Michael HudsonMichael Hudson To ask a politician to lead us is to ask the tail of a dog to lead the dog.
R. Buckminster FullerR. Buckminster Fuller When we say “people worry” about inflation, it’s mainly bondholders that worry. The labor force benefitted from the inflation of the ’50s, ’60s and ’70s.
Michael HudsonMichael Hudson
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More on circulate
Democracy is the healthful lifeblood which circulates through the veins and arteries, which supports the system, but which ought never to appear externally, and as the mere blood itself.
Samuel Taylor ColeridgeSamuel Taylor Coleridge Money is just something to be circulated.
Aidan QuinnAidan Quinn I don’t see why I can’t have friends of both sexes without wild rumors being circulated. It’s crazy.
Leonardo DiCaprioLeonardo DiCaprio